FRAMINGHAM – One of the largest pieces of land in Saxonville is being marketed for re-development. Although the property had been vacant for sometime and listed before, the old lumberyard property listing was recently updated on August 26, 2020.
“1st U S Realty is pleased to offer an excellent redevelopment opportunity in Framingham which is available for ground lease. Located in Saxonville, a densely populated neighborhood in northern Framingham— formerly a lumberyard, the parcel has 2 existing structures: a rectangular concrete-block warehouse with approximate dimensions of 100 feet by 240 feet plus truck docks and a second concrete block building of approximately 9,000 square feet. Large asphalt parking field; attractive city sidewalks surrounding the site; superb visibility,” noted the new listing on August 26.
The site is located at the corner of School and Concord Street (Route 126) and near the new fire station and Framingham High School on A Street. The property has a signalized entrance on Concord Street.
The property is owned by Concord Street LLC. The land is valued at $1 million according to the City’s database. The building, built in 1984, is assessed in 2020 at $767,500.
The City of Framingham assessed the former lumber yard property at $1.900,100 in 2020.
“The surrounding area is pedestrian friendly and zoned for Community Business (B-2),” said the listing by Mark Sobel, of 1st Realty.
B2, according to the City of Framingham, “allows for a full range of retail, service, and business uses with a local market area. The desired character includes areas which are predominantly built-up, with buildings close to and oriented towards the sidewalk especially at corners. Development is intended to be pedestrian-oriented and buildings with an improved visual quality storefront are encouraged.”
B2 zoning fosters “small commercial sites and compact commercial centers which provide a variety of services to nearby residential neighborhoods and
the community. The emphasis of this District is on uses which will provide services for the nearby residential areas.”
The property could be re-developed into apartments or other residential units via a use variance from the city’s zoning board of appeals.
“Prominently located at the intersection of two busy streets with a signalized entrance, this 5.467-acre level parcel is an excellent candidate for redevelopment,” noted the updated listing posted less than a week ago.
The City Council recently voted 10-1 for a 9-month apartment moratorium in Framingham. City Council Chair George P. King. jr. was the lone vote against the moratorium.
The Mayor vetoed that Council order on Monday, August 24. The City Council is expected to take a vote to override the mayor’s veto in September. Eight votes, or 2/3rd the Council is needed to override the veto.
This Saxonville property is located in District 2.
Photos courtesy of Loop-Net & 1st Realty